NELFUND Gives Guideline As Student Loan Application Portal Opens Today

Nigeria Education Loan Fund (NELFUND) has provided a step-by-step approach to applying for a student loan, as the portal is set to be opened today.

LEADERSHIP Friday reports that the loan scheme application will first be opened for students in federal tertiary institutions while the second phase will include students in state owned Institutions.

The media and public relations lead, Nasir Ayitogo, in a press statement yesterday, said the first step for creating an account is for students to visit www.nelf.gov.ng then click on the “Apply Now” and click on “Get Started.”

He said step 4 will require students to Answer the questions on the page to continue by clicking on “Yes, I am a Nigerian.”

“Step 5: Verify your educational information. You would be required to select your school from a dropdown and provide your matric number to check if your school has uploaded your details.

“Step 6: Click the “Verify with JAMB” and enter your JAMB details in the screen.
(Students whose NIN has not been registered with JAMB will have an input field where they can enter their NIN for validation.)

“Step 7: Create an account by entering your Email address, Password and Confirm Password in the fields provided and click “Create Account”.

“Step 8: Click the email verification link sent to your email.

This concludes the process of creating an account.”

To complete one’s profile, the statement explained that after successful registration, a student would need to log in by clicking the “LOGIN” button and enter his or her email address and password to Login.

Step 2, he said, requires the applicants to click on the “Proceed to Contact Details” button and update contact details with the current information of their phone number, full residential address, state of residence and local government area of residence and click “Proceed to Educational Details.”

“Step 4: Update your educational details by selecting your Higher Institution and inputting your Matric Number, then click “Proceed to Account Details”

“Step 5: Verify your BVN by entering your BVN, select your Bank Name and enter your Account Number. Click “Save Changes” to complete your profile,” it explained.

For loan application, it further added; “Step 1: Click on the “Request for Student Loan” button at the top right of the screen on the home or loans page after logging into the application.

“Step 2: If you want an upkeep loan, click the check box, and click Continue, if all you need is the institutional charge, click the “Continue” button.

“Step 3: Upload supporting documents. The admission letter is compulsory while the Student ID and Institution Invoice are optional.

Click the checkbox for the policy and declaration and click “Continue”

“Step 4: Read the loan overview and click the check boxes for both the Terms & Conditions and GSI Mandate then click “Submit Application.”